BankSocial® announces “Web3-powered” RTP Open Banking Payments Features for Credit Unions at CUNA Governmental Affairs Conference

WASHINGTONMarch 4, 2024 /PRNewswire/ — BankSocial®, the nation’s leading open banking platform for credit unions, today announced active implementation of payments capabilities designed with Web3 compatibility in mind. BankSocial future-proofs Credit Union payment platforms to support their members in the exploding world of open banking and digital assets. The BankSocial platform payment features were designed from the ground up for integration with any industry Core and Digital Banking Solution, and built to leverage the efficiencies of Hedera.

BankSocial CEO John Wingate and COO Becky Reed will join a Digital Assets Group roundtable at the Governmental Affairs Conference on March 5th with NCUA Vice Chair Kyle Hauptman. “BankSocial is ushering in the evolution to Open Banking with a platform that gives Credit Unions access to digital assets, payments, and portable identity. Our difference is in the way we implement Web3 and self-custody to prepare Credit Unions for coming regulatory changes from the CFPB, and consumer sentiment about ownership of data. We are future-proofing Credit Unions with these novel approaches to the future of finance.” said John Wingate, Chief Executive of BankSocial. “Our digital exchange customers benefit from a co-branded environment, enabling a digital wallet designed to keep the credit union banking experience central to members’ lives.”

“The BankSocial payments platform is an important part of our overall payments strategy.” said Elizabeth Osborne, COO of Great Lakes Credit Union. “The payments landscape is changing rapidly and partnering with BankSocial allows GLCU to be prepared for the future.” Cassie Ernest, CEO of North Shore Federal Credit Union added “Embracing cutting-edge solutions, such as Real Time Payments, is instrumental in enhancing our services. Collaborating with industry leaders like BankSocial positions us strategically for the evolving landscape of payment systems.”

About BankSocial

BankSocial® is a passionate team of credit union and DLT experts, building an Open Banking platform that merges the world of credit unions and traditional finance with the world of Web3 and DeFi. The BankSocial financial platform unites and empowers people and businesses, providing fair and equitable access to the same financial tools for all. To learn more about BankSocial, visit www.banksocial.io.

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.